In 2021 and 2022 I made the De Minimis Safe Harbor Election for three asset purchases, and they are now listed under “Special Depreciation” in TurboTax. No assets from previous years are listed under “Section 179.”
This year I again want to elect the De Minimis Safe Harbor. But the only way TurboTax will let me depreciate the asset all in one year is by electing Section 179 depreciation.
I attach a screen shot of the options I’m given.
How do I expense an asset using the De Minimis Safe Harbor election?
Thanks.
